Andrew House, Global Chief Executive of Sony Interactive Entertainment has officially confirmed the development of the PlayStation NEO in an interview with the Financial Times.

The new console will target hardcore gamers and feature 4K media capabilities.

“It is intended to sit alongside and complement the standard PS4,” he said. “We will be selling both [versions] through the life cycle.”

“We want to ensure we have a full range of the best experiences on the new system that we can showcase in their entirety.”

House confirmed that the console will be unveiled at E3 next week along with more details, and would be priced above the current console’s $350.

Will you be buying a PS NEO? Let us know in the comments below and in our forums.

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